Max Armstrong shares that macroeconomic factors impact agriculture and rising inflation is impacting demand. Max reports that consumer sentiment is worth watching and in June those numbers were some of the lowest in recorded history. For food products and other basic goods consumer sentiment does not have the same impact as it does with higher priced items, but prices are rising. Max shares that despite inflation consumers are eating out more.
Max Armstrong's Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.
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